In their London letter of November 20, Messrs. Samuel Montagu Ca. state:—The West African gold output for September, 1919. amounted to £100.41 as compared with £115,152 in September. 1918. and £103,112 for Aucust, 1919. The Transvaal gold output for October, 1919, amounted to £3.074.174 compared with £2.987,/55 in October 1918, and £2,967,287 for September. 1919. The above figures relating to the gold outnnts do not indicate the actual position of affairs, for they are based unau the old basis 77/9 per ounce standard. The prosperity of the countries concerned. and of the mining industry. in. particular, is shown more clearly when values are reckoned on the basis which gold now occupies, namely, as a commodity—and are calculated in terms of British Currency as other articles of commerce. Thus _calculated. the figures for the West African September output are about £121,600, and for the Transvaal October output £3,725,000,
Text read from the printed page and cleaned; old type leaves the occasional error.